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US crude stockpiles fell by 6.37 million barrels last week, defying expectations for a 1.6 million barrel build. Hence Brent is back over $89 again.
. . . looks as though we will have to be satisfied with ~16k - 17k daily shipments for the time being.
I had overlooked the erosion control works and realise now that there is only one supply boom from the eastern jetty. The western pier is confined to goods receipts and other services. Roll on the next stage commencing May 8.
Shares Buy back program is a joke - it will never reduce the amount of shares in issue - it has failed - time for a new bull in the ring - REVERSE SPLIT
I tend to believe that they are targeting growth with some acquisitions.
Time will tell
Maybe you should take a look at the major shareholders before that RNG talk.
Urch is over the top, I never was a big fan (warrant sht show and premature dividend + the whole non-hedged when in heavy-debt - dilution we got). That was on his watch. However cudos to him for being one of the original investors - he certainly can see potential (better than risks, I might add).
These are two people brought in to look for a buyer ...Ptal is officially on the chopping block I'd say
I'd certainly hope they're going to hold the dividend at $2c. Ideally they'll increase the payout with a special divi if they're restricted in what they can spend on buy-backs. Very good value again down here. Anything below 48p is a steal and paying 13.5% yield. Hopefully Barclays and II are finally going to shift the remainder of my ISA across and I can access some cash to add here. GLA
The level of buy backs since the programme started is OK, but if you factor in the final batch of warrants and the PSUs, we now still have more shares in issue than at the start!
On the plus side the weakening pound against the dollar will increase dividend payments.
Would be nice to establish a 2c base dividend per quarter, and then put the rest into buy backs, if they are allowed by TSX. Perhaps with a policy to review the dividend annually, and hopefully start an incremental dividend policy as well. Last year (4 quarterly dividends) was 8c in total.
GLA
Are these guys able to increase the value of their daily buy backs? Absolutely pitiful at the moment, and almost pointless.
The 7 pence share price split after hours sure "sells" PetroTal as a goody
Webcast 09/05/24
https://stream.brrmedia.co.uk/broadcast/660bc6a92eae5d4dcf2e6319
We seem very price sensitive to changes in the oil price. Too much IMO. Anyway, oil price jumped again and looks like an escalation in the ME. Was rather hoping someone may see sense and try to calm things. Seems unlikely now.
GLA
Viable, I only have a small position in I3E (25K IIRC) - nice move these last days, but I really don't think there's much clarity yet. Also I don't like the pronounced focus on dividend while it's evident share buybacks would be better (at the very least a combination). I prefer #PTAL over I3E, and I expect TXP to finally rerate later this year, once new production wells are hooked up. I think TXP will be a multibagger in a few years. I'm most impressed by VLE Valeura, what an amazing boss they have. Fantastic journey - and still rising (at least it should be). I bought mid '22 and it's 8x'd so far (!). I have enough TXP but for a potential rocket (like VLE) I'm not looking hard at I3E right now. It's too murky for me and I haven't really done enough research tbh.
Item
a) the document added to the website indicates how far and professional the company has (be)come. I cannot recall any AIM listed outfit with a similar ethos. Having been here since 14p I regret some tinkering along the way
b) the most recent satellite pic of Bretana shows a now very busy quayside with 4 x 20k and 2 x 6k barges alongside
c) I hope James Perez and brethren have finally been muzzled at Iquitos, Requeta and Saramuro
d) Sturm, are you keeping an eye on i3E . . . and am I correct in guessing TXP will get its act together within 6 months ?
Ask your broker. They do things differently.
This is a Canadian share
So is there a Withholding Tax deducted from the dividend if not held in a SIPP ?
Is it a deduction of 15% or 25% on the dividend ?
I agree. Reckon around 49p will now be forming as a long term support level. Should see 55p by the time the next dividend is paid in June IMO.
Onwards!
GLA
I'll gladly be adding on the way down to 45p but doubt I'll get so lucky. Reckon we'll be range bound between 48-50p until we get news. Dividend should be a good one this quarter (and next). Reckon we'll pick up 6-7% just on these payments alone. SP should be looking to break ATHs based on past v current performance. With poo staying above $80 for the remainder of the year, and no local crazies, I see this as an easy 25-50% gain by year end. When you consider 10% of that is dividends +25% should be a cake walk. GLA
Oh twist my knickers - we nearly had it - 51 pence SP but the oxygen ran out - next time TenSingh we get it - the gold - now for the "Cresta" Banana Bob Sled run back to 45 pence.
Reckon 60p all time highs must be the next stop. Obviously there was a huge jump in poo due to Ukraine back then, but the company now has circa USD$100m in cash, is paying a double digit dividend, breaking new production highs, has transportation sorted, and appears to have the locals onside. Overall PTAL is in a much better place so there's no reason why this shouldn't be hitting new ATHs. Providing Brent stays at $90 I can see us there by early May. AIMHO GLA
Where now?
50p gone...
Just bought more....
A) -5.243846, -74.328064 (see satellite view . . . zoom)
b) greatly looking forward to 3D SE-extension advisory, Yurimaguas and Providencia update next month
Https://www.perupetro.com.pe/wps/wcm/connect/corporativo/7318e1ef-aaa2-4c91-8313-7d2090cba5fa/Producci%C3%B3n+l%C3%ADquidos.pdf?MOD=AJPERES&liquidos
Record month in prospect or very close to it. Surfeit of bananas for the cage. Have dropped anchor and now digging around the Kabompo Dome and the Great Dyke (the next big movers). Marshall Abbott and Majid Shafiq also progressing. can Paul Baay make some headway ?